Silicone Industry | Revenue Share, Analysis, Market Growth Forecast, 2020–2027

     

Market Segmentation

The global silicone industry has been segmented by type, application, end-use industry and region.

Based on types, the market has been divided into silicone elastomers, silicone gels, silicone fluids, silicone resins, and others. Silicone elastomers are sub-divided into high temperature vulcanized (HTV), liquid silicone rubber (LSR), and room temperature vulcanized (RTV). The silicone fluids segment is further divided into straight silicone and modified silicone. The elastomers segment is expected to account for over one-third of the global silicones market revenue, whereas, the silicone fluids segment is expected to grow at a highest CAGR during the forecast period. The demand for elastomers can be mainly attributed towards rise in investments in construction and increasing automobile production.

Based on applications, the market has been divided into adhesives, sealants, coatings, engineered products, cosmetics, lubricants and others. Engineered products accounted the largest market share in the global silicone market, which is followed by adhesives. Demand for silicone-based construction chemicals and materials is driving the demand in the latter applications.

Based on end-use industry, the construction industry accounted for the largest value share in 2017, the segment is expected to maintain its dominance throughout the forecast period. The increasing use of silicone rubber compounds for waterproofing, flame resistance, and airtight gaskets in the building and construction industry is expected to have a positive impact on market growth during the forecast period. Moreover, silicone-based sealants, on account of their oil and weather resistance are used for window sashes and metals, concrete joints in public work projects, and plumbing penetration seals. Hence, the construction boom in the US, Asia-Pacific, Middle East & Africa is expected to offer plethora of opportunities during the forecast period.

Regional Analysis

Based on region, the global Silicone Industry has been segregated into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The market in Asia-Pacific accounted for the largest value share of the global silicone market on account of increased spending on the growing infrastructural development coupled with presence of prominent manufacturers in the region.

North America is another prominent market in the global silicone market on account of increasing use of silicone products in automotive and construction activities.

The market in Europe is expected to witness moderate growth owing to the demand from automotive industry.

The market in Latin America and the Middle East and Africa are likely to grow at a healthy CAGR on account of increased spending on residential and commercial construction.

Browse Complete Report @ https://www.marketresearchfuture.com/reports/silicone-market-7449


Competitive Analysis

Some of the key players in the global silicone industry are DowDupont (US), BASF SE (Germany), Wacker Chemie AG (Germany), Shin-Etsu Chemical Co., Ltd. (Japan), Elkem ASA (Norway), Evonik (Germany), Momentive Performance Materials Inc. (US), KCC CORPORATION (South Korea), Zhejiang Xin'an Chemical Group Co., Ltd. (China), MESGO S.p.A. (Italy), and GELEST, INC. (US)

Get a Sample Report Now: https://www.marketresearchfuture.com/sample_request/7449

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

 

Contact:

 

Market Research Future®

 

99 Hudson Street,5Th Floor

 

New York, New York 10013

 

United States of America

 

Phone:

 

+1 628 258 0071(US)

 

+44 2035 002 764(UK)

 

Email: sales@marketresearchfuture.com

 

Website: https://www.marketresearchfuture.com

 

Related Report:

https://www.marketresearchfuture.com/reports/ethylene-propylene-diene-monomer-market-2767

 

https://www.marketresearchfuture.com/reports/water-treatment-chemicals-market-1843

 

https://www.marketresearchfuture.com/reports/acrylamide-tertiary-butyl-sulfonic-acid-market-700

 

https://www.marketresearchfuture.com/reports/dimethyl-carbonate-market-5486

Comments

Post a Comment

Popular posts from this blog

Middle East and North Africa Metallic Stearates Market, Growth, Size, Region & Country, Revenue, Analysis & Forecast Till 2032

  Metallic stearates, widely used in various industries, are compounds derived from stearic acid and metal salts. These versatile substances find their applications in numerous sectors, including plastics, rubber, cosmetics, pharmaceuticals, and paints. With their exceptional lubricating, stabilizing, and anti-blocking properties, metallic stearates have witnessed a significant surge in demand, fueling the growth of the   Middle East and North Africa   metallic stearates market. The continuous development in the industry and the increasing investment in the industry, where the market value is expected to reach over USD 5.4 billion by the year 2030 with a CAGR of 5.4% during the forecast period. Expanding Applications : The  Middle East and North Africa metallic stearates market  has experienced remarkable growth due to the expanding applications across several industries. In the plastics industry, metallic stearates act as lubricants, preventing the me...
Read more

Middle East and North Africa Purging Compound Market, Growth, Size, Region & Country, Revenue, Analysis & Forecast Till 2032

  The  Middle East and North Africa purging compound market  has witnessed significant growth in recent years, owing to its crucial role in optimizing the efficiency and cleanliness of polymer processing equipment. This article delves into the key factors driving the market's expansion and highlights the benefits of using purging compounds in various industrial applications. Enhancing Operational Efficiency : Purging compounds play a pivotal role in ensuring the smooth operation of polymer processing equipment, such as extruders, Molded Pulp Packaging , and blow molding machines. By effectively removing color, contaminants, and residues from the machinery, purging compounds enable quick transitions between different materials, reducing downtime and improving productivity. Manufacturers can minimize material waste and achieve cost savings by utilizing purging compounds during color changes, material switches, and machine shutdowns. Efficient Cleaning Mechani...
Read more

Middle East and North Africa Polyurethane Dispersion Market, Growth, Size, Region & Country, Revenue, Analysis & Forecast Till 2032

  Polyurethane dispersion (PUD) has emerged as a versatile and environmentally friendly alternative to traditional solvent-based coatings and adhesives. With its unique properties and applications across various industries, polyurethane dispersion has gained significant traction in recent years. This article explores the growing popularity of  Middle East and North Africa polyurethane dispersion market , its advantages, applications, and the future prospects of this remarkable material. polyurethane dispersion market Size was valued at USD 2.2 billion in 2021. The polyurethane dispersion market industry is projected to grow from USD 2.3 Billion in 2022 to USD 3.8 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 7.25% during the forecast period (2022 - 2030).  The Advantages of Polyurethane Dispersion: Environmental Friendliness: One of the primary advantages of polyurethane dispersion is its eco-friendly nature. Unlike solvent-based coatings, PUDs ...
Read more